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20110730
20110730
Search Results 0 to 20 of about 21 (some duplicates have been removed)
, of course, we know how things will go from there? >> laura: before we go to ed, tell us about this big balanced budget amendment added after all this tea party pressure. added this to the final boehner bill, passed with still a squeaker vote what does that actually mean. >> 6:30 tonight eastern time, the second boehner bill passed. it's really the thirds if you count cut, cap, and balance. this bill which was so unpalatable to his tea party pull it from consideration. consideration. by virtue of still the same bill two rounds of increasing the debt ceiling. so on. for the president to get round 2 of the extension to the debt ceiling, congress must have sent to the states for their ratification a balanced budget amendment. that requires in each chamber, the house and the senate, a two thirds vote. >> laura: they don't have two in other words of the house of representatives. >> the idea that they would ever see a two thirds voted for balanced budget amendment is folly. but this was what the tea party caucus demanded. >> laura: let's go to ed henry. ed is joining us now from the white hou
you noticed! these clothes are too big, so i'm donating them. how'd you do it? eating right, whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios... five whole grains, 110 calories. >> all right. continuing from our nation's capital. where we're looking at the possibility that a downgrade of u.s. debt could be imminent, that riles a lot of folks, ratings agencies doing it certainly before the august 2nd deadline. it's a whole other bet. and we're downgrade is inevitable, i told folks on this network and elsewhere that i think it is inevitable regardless of the kind of deal that they make. but having said that, barney frank did raise an interesting issue and one i want to talk up with a colleague and friend, house producer, just because that happens, it doesn't mean you just unload en masse triple-a securities because you're under the assumption, let's say you're a bank or brokerage house, chad, that you have to. what do you make of that? >> that's the interesting thing. it doesn't work like the government
of the problem we face as a nation. i'm a big supporter of cut, cap and balance. we had a historic vote last week that i believe was one much the most powerful votes for a taxpayer and to move to a different position wasn't some where i could go. no, it wasn't difficult. >> greta: it had some wording about a balanced budget. that didn't satisfy you? >> that was after $900 billion released and credit extended as a nation. we were saying you can have 900 billion more dollars to spend but later we will consider a balanced budget amendment. my position is we need to discuss the reforms in place now today before we extend our credit limit any more. there were are cuts and savings. only $7 billion next year compared to $900 billion of credit being released and that is nothing. that is absolutely nothing. it is one fifth of one penny of what we spend each year is what we were going to say. >> greta: sitting on the house floor and you are voting no and speaker wants you you to vote yes on it. like bad vibes, you sort of want to get out the door? >> not really. >> greta: did you tell him yourself you were
fireworks on the final day of testimony in the amanda knox appeal. she cored a big victory when dna found in the crime scene was unreliable. knox and her boyfriend were found guilty of murdering a british exchange student. she was sentenced to 20 years behind bars and the trial is expected to go in recess and pick up in a few weeks. it is called the nuclear option and a push to solve the debt crisis by envoking the 14th amendment. is it a smart move? we'll talk to the democrat behind the big push. >> new englands coming in from the agency responsible from -- for grading the nation. >> there is a lot of crisis that we can't predict or avoid. hurricanes, earthquakes and tornado terrorist attacks. this is not one of those crisis. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of yo
in mind the big ones' going to hear about s & p, and fitch investments and moody's, the troika of terror increasingly at the markets because at the push of one of their financial buttons they could decide to downgrade u.s. debt. that's worried barney frank because he thinks that moody's, for example, jumped the gun hinting it would put debt on review for possible downgrade and others views that these guys have gotten to the deadlines and the ratings agencies are getting antsy and a lot of folks on capitol hill are saying that isn't fair or write. and we've got the democrat from arkansas, senator, what do you think of what barney frank is saying, look, if moody's or s & p want to move that's one thing, but to threaten a potential downgrade n now, just bad timing. >> well, there's no doubt. all of this is bad timing we are in the middle of the session, that's terrible. the bottom line the rating agencies have been around a long time and always treated the u.s. government debt as triple-a. and really the best in the world. >> neil: even though their own track record isn't great. >> not alwa
on and now the weather maps. big story the last couple of days has been a nonstory, tropical storm don became nothing, unfortunately. folks in texas hopes to get a big storm out of this and get some rain at least. the storm slowed up and they did not get the rain. across the eastern part of the country, across coastal areas, there was some rain but not too far inland but they will take anything they can get the entire state of texas is dealing with the worst drought they have ever had and now the radar, the eastern part of the country will deal with storms. it is hot. humid. we will see more storms this afternoon. texas unfortunately is not beginning to get much rain. in the northern plains, big storms, and some this afternoon, and they will be severe, keep that in mind, and across the west, we will continue to deal with storms cross the four corners. and now, everyone is excited about the state fair for the food and this year, those are doughnuts and a burger. and bacon. how is that for breakfast? take a bite. >> rick will be 20 pounds heavier by the end of the show. >> we will not be able t
a lot of big buyers of our debt. they are number six on the debt buying list of our country and if things look like they are going south for the economy they mate be less inclined to buy. there is a lot of drama here and how that is factoring out on whether the talks get done or not. chad is the producer here and monitoring how the house is going through with this . i guess, chet, the house starts kicking harry reid's camp down the road. >> they are going to do a bill that harry reid hasn't sent over to the house. but it was a proposal he cooked up that was not passed by the senate and it is the reid bill it is from the republican congressman from california . this is elements of what harry reid put together. it is tit for tat. >> house passed the bill and reid killed it and they will kill what reid proposed. >> they are voting on a shell bill. >> like what you are doing atime. >> and there is no way it will pass. they are doing it under suspension of the rules. meaning you need a super majority to pass it. this is no way it will get that. a lot of democrats don't like the p
big natural disaster. are we headed for a double dip? >> boy, i sure hope not. but these signs, just what happened the last few weeks, you've had more companies, paul, as you know, laying off workers, major companies like sisco, nobody's hiring right now. the housing market stinks. consumers aren't spending, so you just wonder where the job growth is going to come from. and obama is in a bit of a vice here right now. because they spent the 800 billion dollars in 2009 and 2010 to prop up the economy, and you've got a little bump up in the economy from that and now the debt is so big, you can't continue to borrow, so i think that keynesian economics have run its course. >> paul: they have thrown every part of the keynesian arsenal at this, near zero it rates for two and a half years, cash for clunkers, mortgage policy, housing tax credits and here we are under 2% growth and 9% unemployment. what's the lesson of the policy choice sns. >> well, the short lesson they don't work and steve is right, if the president really is in a bind and the chairman of the economic advisors, austan gools
of big government that his policies have set in motion. to democrats in washington, the answer isn't to cut spending, but to raise taxes and keep on spending. democrats claim they would only target the privileged few, but behind the scenes, they argue for much broader tax increases. >> jamie: now, we're keeping an eye on both the house and senate and fox is the place to be. you will not miss any of the action as this all moves forward. the senate is expected to vote early sunday morning to cut off debate on its own debt ceiling plans. keep it right here, kelly. >> kelly: as you can imagine, concern over the debt crisis hitting wall street very hard this week. we've seen it happen. the dow closing down for six straight day on friday, and its worse monthly loss in about a year. what can we expect from the the markets if congress fails to meet tuesday's debt ceiling deadline, and what will all of this mean for your bottom line? joining me now from capitol hill, fox senior vice-president of business news and the anchor of your world, neil cavuto. neil, always good to see you. >> thank
. they will try and get 60 votes on this. the big question is they need republicans and are they going to get enough republican votes when they slice and dice this thing to send it back to the house where there i assume they are going to get some republicans but mostly democrats? >> we'll have to see what it is. i have to tell you we have to do two things here. avoid default but avoid downgrade. the proposals on the table there haven't been enough spending cuts or as pat mentioned the balanced budget component is so pop to ge impoo get our fiscal house in order. >> and if we don't get ahold of the growth pattern we are going to be in trouble. senators thank you both for being so patient and for your insight. it will be a long weekend and we appreciate you being with us. tonight, karl rove on the breaking news. and frank let me tell you about a very important phone call i made. when i got my medicare card, i realized i needed an aarp... medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80%
't start either one of them. we don't need to go in to the wars. i haven't been a big fan of iraq war. that war was cost us almost $2 trillion. the afghanistan and iraq war is winding down. office management of budget office has looked at this and said if you take a trillion dollars and lower the debt and allow us to take additional $200 billion in interest savings, that is what we have in our bill. it's all been done by non-partisan congressional budget office. i can't imagine the fact they have voted for it, 230 republicans voted for that in the budget. 40 republicans voted for it. why is it something suddenly they don't want? (question is inaudible). >> your math is terrific. we got 60. the issue has been for a week or so a trigger. yes, the joint committee doesn't come up with a result. what should happen. we've been willing to say that we're happy if we don't arrive at the budget goals with the joint committee that certain things should happen. we've been willing to say that there could be a sequestration as long as it included revenues. it's unfair to make it a spending bill whe
too committed to the european style of big government, that his policies have set in motion. to democrats in washington, the isn't to cut spending, but to raise taxes and keep on spending. democrats claim they would only target the privileged few, but behind the scenes, they argue for much broader tax increases. >> arthel: it looks like we may be hearing from senator reid very soon. in the meantime, the senate is expected to vote early sunday morning to cut off debate on its own debt ceiling plan. rick? >> rick: just as advertised, senator harry reid, the senate majority leader on the floor of the house right now. let's take a listen. >> republican leaders still refuse to negotiate in good faith. revenues off the calendar. no way we can talk about revenue s. entitlements, oh, their after entitlement, medicare, social security. the speaker and republican leaders should know saying it in front of television cameras doesn't make it so. republican leaders, says he's engaged. members of his caucus are, at least as far as i'm concerned, and my members are more engaged than he is.
. that has been the big stumbling block because republicans we're not interested in lacing taxes, no way. it will be interesting to see how they get that back to make those trig teors get all the parties at the table. >> gregg: very busy saturday on capitol hill. >> heather: so the question is what happens if no debt deal is reached. many analysts say we don't know the true effects. it is uncharted territory. here are some possibilities. you will see higher interest rates and pay more immediately on credit card debt. home and car loan rates, those will rise. stock market could plunge costing you dealer. the u.s. dollar would almost certainly plummet on the world market raising the prices that we pay for imported products. we could see a state funding crisis as well if the federal government can't fork over aid to the states they will have to fund their massive budgets and federal funds for student loans would freeze, billions would not be paid. >> gregg: so critics are questioning where the president is in all of this. that was what speaker barren was sailing. president obama urged lawma
. >> i was a big fan. one of the greatest vocalist and songwriters, but he is a full blown] bleep [. you can separate the music, but now i can't. now i will just here [bleep]. >> did you see that picture? he is getting kind of fat. >> he eats entire trees. i saw him in l.a. once and he was at a bar and he is an intimidating guy. he has the potential to be a legend, but he keeps opening his mouth. i don't know. the young people and the elderly, they fall for animal rights ideology because of the cute factor. but there is a dangerous ideology that is behind it. it is one that says it is okay to destroy a lab experiment. >> but you had your choice if you want to eat meat or not. the people in norway didn't have a choice if they were going to be blown up or shot. that's why it is sick. >> at least he is consistent. if you believe that animals are as important as humans, then you probably shouldn't allow slim jims into your concert. not only because of the waybill carries them, but the thing siwould feel if i were a real animal rights person, i would go all the way. you know what i mean? >> b
. >> and she wen to bed in her own home but was not there in the morning. now the f.b.i. is offering big reward money for the missing len year old with the community aware that a predator could be among them. plus, armed with a weapon and not necessarily a brain. why you can put this guy in the dumb criminal file. first from fox tonight, the showdown in washington over the nation's debt limit reaching a fever pitch. in three days, the government could run in problems paying the bills. we'll look live at the senate floor, we are awaiting a vote on majority leader harry reid's bill. the senate leaders went back and forth. does it sound like they are any closer to making a deal? >> the only way we'll get an agreement before tuesday is to have an agreement with the president of the united states. >> today they held a press conference to stay we were talks with the president. i spent two hours for the president and nancy peel pole and fair for me to say that the engagement is not coy. >> not in a meaningful way. >> president obama meeting are senator reid and house minor leader nancy pelosi. we have
Search Results 0 to 20 of about 21 (some duplicates have been removed)